For the sake of our not yet conceived children, my spouse and I, both from the “big city”, relocated here 30+ years ago, attracted by the opportunity to raise our children in a “small town” environment. On a recent family trip to the “big city” to visit relatives, one of our kids, looking at all the congestion, made us feel good when he said “mom and dad, thanks for moving and having me in our ‘small town’”. The environment of strong, supportive families brought us here, but then we found our community’s list of “boasts” to be unusually long. Besides a strong public school system full of good, dedicated teachers and a nationally recognized high school band, we have a private school system that is outstanding academically, with 99% of high school graduates going on to college. All major school sports are offered, and our teams, along with those of the surrounding small towns, are routinely state ranked. Besides participation sports for children and adults, our park district offers many programs, including bridge, a community orchestra, and an amateur theater group. Our large recreational facility includes a running track and indoor pool. Contiguous with and extending out from our town is a network of miles of biking and hiking trails, winding through very scenic countryside. The annual season of our 1,500+ seat entertainment venue features nationally known performers. We have three golf courses, including a private country club. Due to our broad and diversified employment base, our realtors confirm that the 2008 real estate crash did not affect our town at all. Housing choices, including in town or on our lake, are “small town” affordable, although many million dollar homes can be found on the lake. Area colleges include Lakeland College, a highly nationally ranked community college, and Eastern Illinois University. Our town is a regional medical center; its’ community hospital offers many medical specialties. A good indication of our town’s vitality is that its‘ population has grown consistently throughout the years we’ve been here.
The dental practice has been a presence in the community, and at its’ same location, for many generations (65+ years). Within two years of purchasing this practice, I purchased another practice from a retiring dentist, and merged the two at our present location. The original office I removed, and on its’ site built a brick façade 2416 square foot free standing building. It has five operatories, a reception area, business area, private office, separate lab, sterilization and storage areas, and a full basement. It has been well maintained, with new flooring and wall coverings less than three years old. My new computer system and network of nine computers are less than six months old.
Our philosophy is very simply to treat people right. We have been doing that since day one, and have been blessed with a very loyal and stable patient base. Recalls are very good; almost all of our patients schedule their next visit before they leave the office. Our practice emphasizes quality fixed prosthodontics, but we also do a good amount of restorative operative. I do most molar endo, most extractions, and a very small amount of ortho. We refer complicated endo, complicated and impacted 3rd molar surgery, and almost all ortho. I’ve been blessed with longevity in my staff. I have had staff members with me 14, 17, 20, and 25 years, leaving only because they want to retire. My present staff is newer, but has been with me long enough to be well trained, and I anticipate they will stay with the practice a long time as well.
The practice collects over $400,000.00, and because I do that with a staff of one front desk person, one assistant, and one hygienist in a 22 hour week, I am as busy as I want to be. So the opportunity to do more by working more hours is there. I would not offer this practice for sale if I did not feel that a buyer with a similar philosophy of practice and comparable skill set would not be very successful. Guy Jaffe has the metrics and all the numbers imaginable for my practice. He is honest, reputable, but also very competent, so that with those numbers, can illustrate how very feasible this sale can be.